CleanSpark lifts output and power as Bitcoin miners face strain
November production rose 11% and contracted power topped 1.4 GW, even as falling bitcoin prices and tighter margins pressure the mining sector.
Bitcoin mining company CleanSpark (CLSK) maintained elevated production levels in November, signaling elevated revenue generation despite a challenging environment for cryptocurrency miners and the broader digital asset market.
The company reported Wednesday that it mined 587 Bitcoin (BTC) during the month, an 11% increase from October.
CleanSpark also expanded its contracted power capacity by approximately 11% to more than 1.4 gigawatts, a key measure of the electricity the company has secured to support future mining operations. A larger power footprint allows the company to deploy more mining equipment and scale output over time.
